(PARIS) – Hines, the international real estate firm, announced today the sale of Pointe Métro located in Gennevilliers (near Paris) to the firm Northwood Investors LLC.
The 255,675-square-foot (23,753-square-meter) office building was designed by Jean-Paul Viguier & Associés. A campus-style project with three independent but related buildings, Pointe Métro is located at the foot of a Metro station (Line 13).
Pointe Métro is 100 percent occupied by Prisma Media, a leader in the European magazine industry.
The transaction was carried out with the real estate firm Catella Property through a co-exclusive arrangement with JLL. The advisory firms that handled the transaction for HEVAF are Lacourte Raquin Tatar and Baker McKenzie; and for Northwood Investors LLC are Attal & Associés; King & Spalding and Darrois Darrois Villey Maillot Brochier.
About Northwood Investors LLC
Northwood Investors is a leading privately-held global real estate investment and management firm with assets under management of approximately $4 billion. Northwood owns and manages a diverse portfolio of real estate assets worldwide including office, retail, hospitality, residential and industrial properties.
For more information on Northwood, visit www.northwoodinvestors.com
Launched in 2005 with €287 million of equity commitments from a group of European institutional investors, the Hines European Value Added Fund (HEVAF) was at inception the second pan-European investment fund raised by Hines. The objective of the fund has been to invest in and add significant value to European real estate opportunities, principally in France, Germany, Italy, Spain and the UK.
Visit www.hines.com for more information.
Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,317 properties representing more than 541 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. Currently, Hines manages 391 properties totaling 161 million square feet, which includes 89.1 million square feet for third parties. With offices in 115 cities in 18 countries, and controlled assets valued at approximately $28.2 billion, Hines is one of the largest real estate organizations in the world. Visit www.hines.com for more information.